HANK PAULSON: Here Are 3 Risky Practices That Volcker Does Not Address

There's been considerable buzz surrounding the Volcker Rule this week, as the commenting
deadline for the law ended this Monday.

The rule, which bans proprietary trading at bank-holding
companies, is arguably the most controversial aspect of the
Dodd-Frank reforms, and a plethora of voices of support and
disapproval have sounded in the sphere of public opinion so far
this week.

He listed three things that he thought were just as risky as prop
trading:

A prop trade clearly brings with it risks, but there are
many practices that do. And from my experience, banks get
in trouble even more from customer accommodating trades, bridge
loans or stepping in to do a big oil-hedging transaction or
whatever. So I think it can be
counterproductive to single out one area."